August 30, 2014
REMOND, Wash. (AP) - Will Xbox mark the spot once again for Microsoft?
The company is set to reveal the next generation of its Xbox entertainment console during a presentation Tuesday at its headquarters in Redmond, Wash.
It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005.
For the past two years, Microsoft has led the gaming industry in console sales with the Xbox 360. In April, consumers spent $208 million on Xbox hardware, software and accessories, more than rival consoles from Nintendo and Sony, according to market research firm NPD Group.
Tuesday's event will give Microsoft the opportunity to address questions about the rumored hardware, including what it will cost and if it will require an Internet connection.
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